University makes millionaires: One in five university graduates are super rich

University makes millionaires: One in five university graduates are super rich

WANT to become a millionaire? Then go to university, official figures released yesterday suggest.

PUBLISHED: 00:00, Fri, May 16, 2014

Unviersity graduates are more likely to earn more money[PA]

One in five graduates – more than two million people across the UK – is now worth at least £1million.

Meanwhile, the overall number of British millionaires has jumped by 50 per cent in the past four years, Office for National Statistics figures show. Almost one in 10 Britons own assets, property, pensions, savings and valuables worth £1million or more.

The self-employed and the middle-aged are also more likely to amass seven-figure assets – 14 per cent of millionaires work for themselves and 16 per cent are aged between 55 and 64.

Universities minister David Willetts said the figures were “more evidence of why going to university is a very good deal”, despite higher tuition fees.

The richest 10 per cent of British households own nearly half of the country’s total wealth.

But typical couples with children have seen their wealth plummet by three per cent since 2008.